Chinese companies secure contracts to build houses in Angola

11 November 2015

Three Chinese companies have secured contracts in Angola to build more than 4,500 homes in six provinces of the country for around US$299 million, according to presidential orders.

The orders, which justify the expense associated with the implementation of the programme to expand the network of social facilities and infrastructure, state that the contracts will be “financed by credit lines provided by China to Angola.”

The latest credit line granted by the government of China to Angola provides over US$6 billion to finance works in 2016 and 2017, according to recent information from the Angolan government, cited by Portuguese news agency Lusa.

The three Chinese companies are the Guangxi Hydroelectric Construction Bureau, which obtained contracts worth US$94.4 million, China Road and Bridge Corporation with two contracts worth a total of US$62.2 million and the China Machinery Engineering Corporation with three contracts in the amount of US$142.5 million.

The houses will be built in the provinces of Malange (500 units), Bié (500), Moxico (450), Cunene (450), Uíge (500) and Luanda (2,168). (macauhub/AO/CN)